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𝗚𝗘𝗡𝗘𝗥𝗔𝗟 𝗪𝗔𝗧𝗖𝗛 #𝟬𝟭 | PUMP.FUN 🔍 A memecoin launchpad that quietly became an on-chain economy 3 contracts tell the story PumpFun.sol → PumpSwap.sol → Fees.sol ━ 01 | the launchpad 🧪 On Nov 3 alone, 44,676 coins launched on pump.fun only 1,109 graduated off the bonding curve, about 2.5% 91% saw zero trades in their second hour Most coins die fast The platform doesn't need them to survive, it only needs them to trade ━ 02 | the DEX 🔁 Graduated coins don't leave, they move to PumpSwap on Nov 2, PumpSwap did $261M in volume vs $123M on the bonding curve The after-market is now bigger than the launch itself that's the shift from "launchpad" to "venue" ━ 03 | the fees 💰 30 days to Nov 3 → $157M paid by users in fees → $55.7M kept as protocol revenue → $16.4M paid out to coin creators and cashback Since April 28, half of revenue buys $PUMP on the open market and burns it ≈ $498M burned to date, 17.46% of total supply ━ so what? 🧭 Pump.fun still takes ~50% of launchpad fees (30d) Flap.sh sits at ~22%, LetsBONK at ~2% But daily buybacks fell from ~$1.24M in early October to ~$760K by late October Revenue cooled, token price fell, and the burn shrank with both 𝗙𝗼𝗹𝗹𝗼𝘄 @iecom_en 𝗳𝗼𝗿 𝗼𝗻-𝗰𝗵𝗮𝗶𝗻 𝘀𝘁𝗼𝗿𝗶𝗲𝘀 𝗯𝗲𝗵𝗶𝗻𝗱 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 #iE #Solana #Memecoins